FY2024 EPS Estimates for Hexcel Cut by Seaport Res Ptn

Hexcel Co. (NYSE:HXL) – Equities researchers at Seaport Res Ptn lowered their FY2024 earnings estimates for shares of Hexcel in a report issued on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now forecasts that the aerospace company will post earnings per share of $2.03 for the year, down from their previous forecast of $2.05. The consensus estimate for Hexcel’s current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Hexcel’s Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.70 EPS.

A number of other analysts also recently commented on HXL. Truist Financial dropped their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, October 10th. Royal Bank of Canada upgraded shares of Hexcel from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $68.00 to $74.00 in a research report on Thursday, December 19th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.33.

Hexcel Stock Down 1.0 %

HXL stock opened at $66.71 on Thursday. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 50.92, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The firm’s 50-day moving average is $62.78 and its two-hundred day moving average is $62.52. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period in the previous year, the firm earned $0.38 EPS. Hexcel’s revenue was up 8.9% on a year-over-year basis.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Hexcel in the third quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in shares of Hexcel in the third quarter worth approximately $56,000. First Horizon Advisors Inc. increased its position in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares in the last quarter. Huntington National Bank increased its position in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank purchased a new position in Hexcel during the third quarter valued at approximately $62,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.